Saint Paul & Sioux Railroad - circa 1880's Unissued Railway Stock Certificate - Minnesota and Iowa
Inv# RS2687 Stock
Minnesota
Unissued Stock, Black on Pink Paper. Attractive vignette by Franklin Engraving & Printing Co., NY. In 1869 the Minnesota Valley Railroad constructed a bridge jointly with the Minnesota Central Railroad Company to cross the Mississippi between Mendota and St. Paul at Pickerel Lake. It was the predecessor of the current Omaha Road Bridge Number 15 at the same location. A freight house was constructed in St. Paul at the foot of Robert Street. The name of the company changed on April 7, 1869, to the St. Paul and Sioux City Railroad. The railroad had reached Mankato at the bend of the Minnesota river, and exited the river valley to reach Lake Crystal, Minnesota. By September 1872, the track was completed to Le Mars, Iowa, where it joined the Iowa Falls and Sioux City railroad, a predecessor of the Illinois Central Railroad. On October 1, 1872, the railroad was in regular operation from St. Paul through to Sioux City. This main line from Mendota to Le Mars became the St. Paul & Sioux City division, and eventually the Western Division. The Saint Paul and Sioux City Railroad Company, on April 19,1880, obtained permission to cross the Omaha Reservation, under the provision of the treaty with the Omahas which provides for the building of railroads.
The North Wisconsin Railway was merged along with Chicago, St. Paul and Minneapolis Railway to become the Chicago, St. Paul, Minneapolis and Omaha Railway in 1880. The C. St. P. M. & O. then purchased the St. Paul and Sioux City in 1881. The route was a bow shape between Le Mars, Iowa, to the Twin Cities, to Elroy, Wisconsin. The railroad connected the Eastern and Western divisions through trackage leases on the Minneapolis and St. Louis at Merriam Junction to Minneapolis, the Great Northern between Minneapolis and St. Paul, and the Milwaukee Road between Mendota and St. Paul. Read more at https://en.wikipedia.org/wiki/Chicago,_St._Paul,_Minneapolis_and_Omaha_Railway
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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